Global Synchronous Condensers Market to Grow at a CAGR of 5.2% Through 2027
The synchronous condensers market is witnessing a significant growth owing to the special equipment properties. These condensers have the ability to absorb or produce reactive power on a transient basis. This helps correct the power factor and stabilise the power grid against short circuits and other transient fault conditions. It also has active components designed according to project-specific needs. These condensers are used for electrical power utilities and also for industry purposes.
View full press release